NatWest Restricts Messaging Apps on Work Devices
The UK bank enforces a ban on WhatsApp and other apps to ensure communication compliance.
- NatWest has blocked apps like WhatsApp, Facebook Messenger, and Skype on company devices to enforce the use of approved communication channels.
- The bank's policy aims to ensure all business communications are retrievable for oversight and regulatory compliance.
- This move aligns with industry trends following significant fines imposed on US banks for using unofficial communication channels.
- NatWest's decision comes amid growing scrutiny from the Financial Conduct Authority regarding the use of encrypted messaging services in UK firms.
- Experts suggest this pre-emptive action by NatWest could prevent potential liabilities related to business record-keeping issues.